Income Tax Services
Individuals whose annual income is in excess of the basic exemption limit of INR 2.50 lakh must mandatorily file their income tax returns. Even when there is no tax liability, an income tax return (ITR) must be filed if the total income exceeds the above-mentioned threshold. Income tax return is a form in which taxpayers declare details of income, deductions, exemptions, and taxes payable on their taxable income.
Filing Income tax return within specified due dates helps to avoid penalties, allows to carry forward any losses and makes it simple for processing of any loans etc. Team EazeTaxes help Individuals/ business entities to file their income tax returns accurately so that there is no defect in processing of returns and less chances to receive notices.